As I prepare for my “Live like you are miserably poor” challenge aka The Spending Fast I am using this time to prepare and take a good hard look at my spending habits. Last night I went out to a restaurant with a friend and I ordered a drink (red bull and vodka..my fav) and whatever I felt like on the menu without regard to cost. I just choose based on what I am in the mood for, and I ALWAYS do this. Even if I don’t order an adult beverage, I usually get a soda (usually a nice 2.50 a pop) or when I’m feeling frisky, a dessert or appetizer.
On my spending fast I’m not supposed to be spending money on eating out at all, but what about after? I am not making the big-time NYC dollars anymore, and I need to figure out a way to cut back on my lifestyle. Doing this might be easier than I had originally thought.
How much money could I potentially save in a month if I did not order alcohol with dinner?
ON AVERAGE: I eat out about 4-5 times a week, probably only get a drink about half of the time.
7.00 (for the average alcoholic beverage) x 2.5 x 4weeks in a month= 70.00 per month.
Generally when I go out I spend about 12-17 dollars on my entree, maybe more if I get dessert. Lets say I will set a goal to not order any meal over 10.00 or get dessert (wah.)
Savings of 5.00 per meal x 4 (average times out per week) x 4 weeks in a month= 80.00 per month.
So if I didn’t order beverages and kept my entrees 10 dollars or less I could potentially save 150 dollars per month? That’s about half of what my “eating out” budget was in New York (which varied between 300-350 each month, and my old company used to cover my lunch!). Daaaaaaaamn! Also-if I wasn’t planning on saving that money I could go out to eat or to a movie with friends more often. Why didn’t I think of this before?!
What are some of the things you do to save money on eating out? Because lets face it, cooking every.single.meal at home is almost unheard of